## **Trustees’ Annual Report for the period** **From: 01.04.2020 Period start date To: 31.03.2021 Period end date** ## **Charity name: THE ORTHODOX CHURCH OF ST CUTHBERT AND ST BEDE, DURHAM** ## **Charity registration number: 1181914** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The advancement of the Orthodox Christian
Religion in general and through the
establishment and furtherance of a parish in
the City of Durham.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|The main activities pertain to the
advancement of the Orthodox Christian
Religion in general and through the
establishment and furtherance of a parish in
the City of Durham, by way of regular
liturgical worship and the refurbishment of
the new Church building.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard to the
guidance issued by the Charity Commission
on public benefit and therefore ensure that
the charity’s objectives and activities meet
those requirements.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|**N/A**| |Policy on social investment
including program related
investment|Para 1.38|**N/A**| |Contribution made by
volunteers|Para 1.38|Donations are made voluntarily by members
of our congregation and supporters of our
projects and activities.| 1 **N/A** Other ## **Achievements and Performance** SORP reference **Providing support and spiritual guidance throughout the 2020-2021 year.** Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|**N/A**| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**N/A**| |Investment performance
against objectives|Para 1.41|**N/A**| |Other||**N/A**| 2 ## **Financial Review** Review of the Para 1.21 charity’s financial position at the end of the period |Statement explaining|Para 1.22|**N/A**| |---|---|---| |the policy for holding||| |reserves stating why||| |they are held||| |Amount of reserves|Para 1.22|**N/A**| |held||| |Reasons for holding|Para 1.22|**N/A**| |zero reserves||| |Details of fund|Para 1.24|**N/A**| 3 |materially in deficit||||| |---|---|---|---|---| |Explanation of any
uncertainties about
the charity continuing
as a going concern|Para 1.23||**No uncertainties applicable.**|| |**Additional information (optional)**
You may choose to include further statements||||where relevant about:| |The charity’s principal
sources of funds (including
any fundraising)||Para 1.47||**The charity’s only source of funds is**
**through charitable donations.**| |Investment policy and
objectives including any
social investment policy
adopted||Para 1.46||**None applicable**| |A description of the principal
risks facing the charity||Para 1.46||**None applicable**| |Other||||**N/A**| 4 ## **Structure, Governance and Management** |Description of charity’s
trusts:||**The advancement of the Orthodox**
**Christian Religion in general and through**
**the establishment and furtherance of a**
**parish in the City of Durham**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Appointed charity trustees**
Apart from the first charity trustees, every
appointed trustee must be appointed
for a term of three years by a resolution
passed at a properly convened meeting
of the charity trustees.
In selecting individuals for
appointment as appointed charity
trustees, the charity trustees must
have regard to the skills, knowledge
and experience needed for the
effective administration of the CIO.
**(2) Ex Officio Trustees**
Any person appointed by a canonical bishop
of the Orthodox Church to be the parish
priest of the Church of St Cuthbert & St
Bede shall automatically (“ex-officio”) be a
charity trustee for so long as he or she holds
that office.| ## **Additional information (optional)** You may choose to include further statements where relevant about: **N/A** Policies and procedures adopted for the induction and Para 1.51 training of trustees **N/A** The charity’s organisational structure and any wider Para 1.51 network with which the charity works **N/A** Relationship with any related Para 1.51 parties Other 5 ## **Reference and Administrative details** Charity name THE ORTHODOX CHURCH OF ST CUTHBERT & ST BEDE, DURHAM Other name the charity uses ORTHODOX COMMUNITY OF ST CUTHBERT AND ST BEDE Registered charity number 1181914 Charity’s principal address 5 Wanless Terrace, Durham, DH1 1RU 6 **Names of the charity trustees who manage the charity** |




|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||The Reverend Dr
Justin-Alexandru
Mihoc|||| ||The Very Reverend
Archpriest Prof
Andrew Louth|||| ||Dr Krastu Banev|||| ||Mrs. Irina
Sokolova-Snegir|||| ||Dr Sarah Pape|||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name N/A** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year **|| |---|---|---| |**N/A**||| |||| |||| |||| |||| |||| 7 ## **Funds held as custodian trustees on behalf of others** Description of the assets **N/A** held in this capacity Name and objects of the **N/A** charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for **N/A** safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |**N/A**||| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** **N/A** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **N/A** ## **Other optional information** **N/A** 8 Declarations The trustees declare that they have approved the trustees. report above. Slgned on behalf of thè charlty's trustses Slgnature Full narn (sl Posltlon leg Secr*tary. Chair, etcl tin-Alex8ndru Mihoc lrina Sokolova-SnÈgir Priest-in-ch8rga seCretary￿rlI$tee Date 3110112022 Company Rogistration Number: CE016430 Rogistsfed Charfty Number: 1181914 The Orthodox Church of t Cuthbert and St Bede Durham ort and Accounts For th ear ended 31st March 2021 The Orthodox Church of St Cuthbert and St Bede Durham Contents of the Re ort and Accounts For the èar ended 31st March 2021 Pago Reference and Adminlstrative Information Statement of Trustees, Responsibilitieg Statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statement of Financial Activities The Orthodox Church of St Cuthbert and St 8ede Durham Reference and Adminlstrative Infomiation Company Reglstration Number CE016430 Regl8t•red Charity Number 1181914 Prle$t In charge Revd Dr Justin-Alexandru Mihoc TNStee8 Dr Krastu Banev Dr Sarah Pape Mrs Irina Sokolova-snegir Revd Dr Justin-Alexandru Mihoc The Very Reverend Archpriest Prof Arsdrew Louth Rogistored Offlee and Operation Addr•ss 5 Wanless Terrace, Durham, DH1 1RU Bankgrs Barclays Bank UK Plc, 6 Market Pl, Durham, DH13NB The Ortho ox Church of St Cuthbert and St Bede Durham ststement of Trustees. Res nsibilities The trustees have pleasure in presenb'ng their report and accounts for the year ended 31st March 2021 Structure. gov•rnance and management The organisalion is a charitable company limited by guarantee, incorporated and regSstered as a charity on 7th FebNary 2019. Th8 company was established under a Memorandum of Associatlon which established the objects and powers of the charity and is governed under its Articles of Association. The chair of trustees. who is the trustee for the purpose of charity jaw, who setved durfng the year and up to the date of this report is sel out on page l. Objects The objects of the charity are". The advancement of the Orthodox Christian Religion in general and through the establishment and furtherance of a parish in the City of Durham. The main activities pertain lo the advancement of the Orthodox Christian Religion in general and through the establishment and furtherance of a parish in the City of Durham, by way of ftgular liturgical worship and the refurbishment of the new Church building. Financlal rovlew Total incoming resources for the year amunted lo £108,24412020 £64,290}, wlh total resources expended of £1,948 {2020 £6,757). resu4tirFg in net incoming resources of £106,29612020 £57,533). This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS 102), taking advantage of the concessions provided by the SORP for smaller Charities, and in accordance with the provisions for small companies under Part 15 of the Companies Act 2006. The report was approved by the board on 28th January 2022 Juslin-Alexandru Miho¢ Priest in charge The Orthod x Ch h of St Cuthbert and St Bedo Durham tgment of Flnan¢ial A¢tiviti Includin Income and Ex Forthe oar •nded 318t March 2021 dltur• Account Unrestrf¢ted Funds Unr¢8tr5ctsd Fund¥ 2021 2020 Incomlng Regourw.. Donations Grant Gift Aid 51,525 45.237 11,482 108.244 21,422 38,132 4,736 64,290 Resources Ex￿nded Cost of gènerating funds 1,948 1,948 6,757 6,757 N•t In¢omlng Resourc￿- Not Income for th• Year Total Funds at 18tAprll 2020 10S,296 57,533 65,242 7,709 Totsl FundB at 316t March 2021 171.538 85,242 The Orthodox Chur¢h f St Cuthbert and St 8gde Durham alance Sh t at 31st March 202 1021 2020 Current 8880ts Inve$lmenl Other Debtors- Gift Akl Ca8h 81 bank and in hand 86,462 16,218 69,458 41,995 4.736 18,511 Not ¢urr•nt as8ets 172,138 65,242 Current Llabllltles Accruals Total A•sets Les• Currnnt Uabllltle8.' 171,538 65,242 Unrestrlcted Funds General funds Totsl Funth 171,538 65,242 171,S38 65,242 For the year ending 31st March 2021 the company was entitled to ex8mption from audit under section 477 of the Companies Act 2006. The members have not required the ty)mpany to obtain an audit in accordan¢e wlth section 476 of the Companle8 Art 2006. Th& truste88 ad(nowledge their ￿sponSIbl1111eS for. 81 ensuring that the company keeps proFer attounting records which comply wlh Sections 386 and 387 of the Companies Act 20Cfj 8nd b) preparing accounts which give a true and fair view ofth& 8tate of affairs ofth& company as at the end of each finanual year and of its profil or108s for each finan(aal year in acc4)rd8nce with the requirements of Sections 394 and 395 of the Cornpanies Act 2006. and which olhetwise comply with the wuiT6ments of this act relating to accounts, so far as applicable to the company. The financial statements have been prepared in 8ccord8nce with the provisions of Part 75 of the Companie$ Ad 201￿ relating to small companies. Approved by the Board on 28th January 2022 and 8ignod on behaw by.. Ju8tln-Al6xandru Mihoc Prf•8t In charge e Orthodox Church of st c￿hbort and S Notes to the accounts For th? ear ended 31st Mar¢h 20 Bed& Durham 1. ACCOUNTING POLICIES Ba818 of accounting The accounts have been prepared under the historical c081 convention and in 8ccordan¢e wtth the provision$ of Section 1A"Small Entities. of Financial Reporting Standard 102'Tre Financial R&porbng Standard applicable in the UK and Republic of I￿land and the Companies Act 2006 ènd follow the recommendations in AcGounting and R&portNng by Chanlies.. Statement of R8Gommended Pr&¢bce {SORP FRS 102), tsking advantsge of Ihg conee8sions provid6d by the SORP for smaller eharitias. Inc¢)mlng re8ourees All incoming resources are included in the Ststem•nl of Financial A(*ivitla8 when the charlty becomes entitled to the resources, the trustees are virtualty certain they wll rerEivo the resources and the monètary value can be measured wlh suffiaent reliability. ExpèndltUTe and Ilab115fle8 Resources expended are recognised in the perfod in which they are in¢urr611. R¢soUr￿ expend$d indude attribut8ble VAT which cannot be recovèred. Fund a¢¢ounting Unrestricted fijnds are donations and other incoming resources ￿Ceivable or generated for the objects of the charity wlhout fijrther specifièd purpose and are available as gener￿ funds. Designated funds are unr&81ricted fund8 eamiarked by the Iwstee$ for particular purposes. Restr*cted funds are to be u8ed for specffic purposes as laid down by the donor. Expendlture ￿[ch meets this critgria is charged to the fund. Costs of gongratlftg funds Costs of generating funds are those costs incurred in attracting voluntary in(x)me, or incurred in trading activities undertak8n to raise funds. The Orthodox Church of St Cuthbert and St Bede, Durham Detall•d Statomont ol Financial Activitles For the year ended 31st March 2021 2021 2020 Re￿nu$ Donations Donation8- Sunday CollectioYJ8 Grant Gift Aid Totsl Re￿nu• 51,525 13,457 7.965 38.132 4,736 64,29CI 45,237 11,482 108,244 Cost of Sales 221 Admlnlstratlve •xp•nses Ronl Advertising Postsge and Stslionary Don8tion8 Legal and professional costs Sundry Repairs and Renewal8 5,020 197 260 700 359 216 670 208 254 Total Administrattve expen 1,948 6,538 CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee members of The Orth¢xlox Church of St Cuthbert and St Bede, Durham On accounts for the year ended st 31 March 2021 Charity no Ilf any) 1181914 Sat out on pages I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110312021. Responslbllitles and basis of report As the charitys trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts ¢arried out under section 145 of the 2011 Act and in carrying OLSt my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent I hav8 completed my examination. My examination included a review of the examlnèr's ststement accounting records kept by the char¢ty and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. I confinn that no material matters have Come to my attenlion in connection with the examination whiGh gives me cause to believe that in, any material respect.. the accounting records were not kept in apKordance with section 130 of the Chartties Act-, or the accounts did not accord with the accounting records., or Ihe accounts di¢J not comply wrth the applicable requirements concerning the fomi and content of accounts set out in the Charities Regulations 2008 other than any requirement that the accounts give a rue and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to nable a proper understanding of the accounts to be reached. Signed: Date: 301011202L Name: lonela Alexii AddreM: 11 Brodwell Grove, Nottingham, NG3 3BB 11ER Oct 2018